Santander Real Estate Fund Debuts with 12 Percent Increase; Demand Remains Robust

Funds that made an initial offer in December closed their first trade on the Stock Exchange with strong upward valuations.

RIO DE JANEIRO, BRAZIL - The debut of a real estate fund on the stock exchange in 2020 suggests that the market continues to grow, even after the best year in its class. Ifix, which measures the performance of the sector, rose 36 percent in 2019, surpassing the previous record from 2012.

The Santander Rental Income Fund closed with a 12 percent rise in its first trading session last Friday, January 10th. The fund raised a volume of almost R$360 (US$90) million, fully invested by individuals, in December.

The funds are part of a successful wave. In December alone . . .

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